so anyone in the defense industry that's in small town america, is going to have a huge impact. >> reporter: so while all these cuts are one way to help washington get its fiscal house in order, c.e.o. bill polacek says it would take a massive, preventable and personal toll here in johnstown. >> everything i've worked for, everything everybody worked for, in 25 years of business that we're celebrating this year, could all be for naught, only because the people in congress, and the senate, can't vote to do what's in the best interest of the american people. >> reporter: congress has until january first to avert the sequester. until then, manufacturers, researchers, teachers and a host of others will be waiting to find out if and how the fiscal cliff will affect them. sylvia hall, "n.b.r.," washington. >> tom: we've seen the estimates on going over the cliff, recession, some even calling it debt-mageddon. but from tax rates, to entitlement spending, what are the real policy implications here? to answer that question, our washington bureau chief darren gersh recently spoke with economists from both sides of the aisle.